Perfect Competition

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Across
  1. 2. is determined where MR=MC
  2. 4. compared to a monopoly the perfectly competitive firm sells _____ quantity
  3. 5. the name of the character that sits on the demand line of a perfectly competitive firm
  4. 7. total _____ = P*Q
  5. 8. each seller's product is _____ to the competitor's product
  6. 11. perfectly competitive firms are price ______
  7. 12. number of sellers in a perfectly competitive market
Down
  1. 1. the perfectly competitive firm takes their price from the _______.
  2. 3. the price in a perfectly competitive firm equals the _______ revenue
  3. 6. the products perfectly competitive firms sell are perfect _______ for each other.
  4. 9. compared to a monopoly the perfectly competitive firm prices their product _______.
  5. 10. ____revenue is the change in total revenue from selling one more unit